2:12 "Once you have saved 25 x your annual retirement expenses, you should be able to retire with the reasonable certainty you'd be able to survive on your savings until death."
He goes through the numbers pointing out that, even with inflation and occasional devastating drops in the investment market, you should be able to live off your savings.
He also points out the huge impact of a single purchase early in retirement on your eventual net worth; in his example buying a $35000 car early in retirement decreases the net worth by $200,000 in your nineties.
The remedy, of course, is to work in retirement just enough to afford any splurges beyond your regular expenses.
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